Forge SPAC Presentation Deck
Attractive Growth
$24
2019A
YOY Growth %
GAAP
Revenue Less Transaction-Based Expenses(¹) ($mm)
38%
CAGR (3)
Completed merger
with SharesPost in
Nov-2020
$72
48
PF 2020A (2)
$123
100%
2021P
157%
Pro-Forma
72%
Note: 2019A GAAP revenue less transaction-based expenses includes revenue from IRA Services after Nov-19 acquisition
Revenue Less Transaction-Based expenses represents Gross Revenue less transaction-based expenses
$151
2022P
23%
$182 - $191
1)
2) Pro-Forma numbers include full year effect of SharesPost including the periods in which it was a standalone entity (January 2020 - October 2020); reported numbers only include SharesPost numbers as of
acquisition in November 2020
3)
CAGR shown using pro-forma 2020A revenue less transaction-based expenses includes SharesPost; CAGR 2023 end point refers to midpoint of range
2023P
20 - 26%
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